facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Single Family Residence

/

Sale

/

407 Ocean Boulevard, Golden...

Meir Elfassy's MJ Ocean LLC Acquires SFR In Golden Beach For $5.7M
SOLDSingle Family Residence

Meir Elfassy's MJ Ocean LLC Acquires SFR In Golden Beach For $5.7M

407 Ocean Boulevard, Golden Beach, FL, USA

$5,700,000

$1,057/SF

Building Size

5,389 SF

Asset Type

Single Family Residence

Closing

Dec 29, 2020

AI

A single-family home located at 407 Ocean Boulevard in Golden Beach was recently sold for $5,700,000. The property spans 5,389 square feet, resulting in a price per square foot of $1,057. The transaction took place on December 30, 2020.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $5,700,000
  • Address: 407 Ocean Boulevard
  • Market: Golden Beach

The buyer of the property was Meir Elfassy, who acted as the manager of MJ Ocean LLC. On the other hand, the seller was Marie-Christine Solal, the manager of 407 Ocean LLC. Representing the buyer were Eli Eskenazi from EP Realty Group Inc., Jon Mann from Coldwell Banker, and Danielle Elfassy from ONE Sotheby's International Realty. The seller was represented by Robert Burstein from ONE Commercial.

Players

Eli Eskenazi

Miles Goldstein Real Estate

Broker

$163.2M

vol

30 deals

Broker

Meir Elfassy

Buyer

$15.9M

vol

3 deals

Buyer

Marie-Christine Solal

Seller

$6.9M

vol

2 deals

Seller

Golden Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.78%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93